He believes he was chosen by Chairman Leibowitz to run the Bureau because he is an experienced litigator with a background in bringing test case litigation and also because of an interest in someone with "vision" and "fresh eyes." (For more on his background, see our post here.)

Vladeck was very clear about the challenges he faces and the need for immediate action due to the economic climate and the top priority given to the economic challenges that many consumers face. The new Bureau Director gave a preview of his strategic plans. He plans to keep up the existing aggressive pace in investigations and engage in increased policy and rule making. We will see more cases related to economic fraud, and this will continue until the economy turns around.